Tony Allen: Signs Extension With Grizzlies

Update: Allen has agreed to a four-year, $20 million extension with the Grizzlies, Yahoo! Sports reports.

Recommendation: The deal comes as no surprise as Allen has developed into a fan favorite in Memphis. He is arguably the best perimeter defender in the league, and his signing solidifies the Grizzlies' backcourt. At 31 years old, this will likely be Allen's final major contract as an NBA player. Per the NBA's free agent moratorium period, the deal does not become official until July 10.